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Dalradian Resources Inc
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Shares Issued 163,657,384
Close 2015-09-09 C$ 0.82
Market Cap C$ 134,199,055
Recent Sedar Documents

Dalradian drills 1.24m of 100.01 g/t Au at Curraghinalt

2015-09-10 06:23 ET - News Release

Ms. Marla Gale reports

DALRADIAN INTERSECTS 1.24 METRES GRADING 100.01 G/T GOLD AND 6.48 METRES GRADING 10.85 G/T GOLD AT CURRAGHINALT

Dalradian Resources Inc. has released results from its continuing infill drilling program at the Curraghinalt gold deposit in Northern Ireland.

Highlights:

  • 1.24 metres grading 100.01 grams per tonne gold from the Crow vein in hole 15-CT-232;
  • 6.48 m grading 10.85 g/t gold from the Sperrin(i) vein in hole 15-CT-254;
  • 0.31 m grading 475.00 g/t gold from the Causeway West(i) vein in hole 15-CT-223;
  • 2.53 m grading 19.60 g/t gold from the No. 1 vein in hole 15-CT-220;
  • 0.54 m grading 123.59 g/t gold from the V75 vein in hole 15-CT-224;
  • 1.98 m grading 34.57 g/t gold from the T17 vein in hole 15-CT-238;
  • 3.26 m grading 22.68 g/t gold from the Causeway(i) vein in hole 15-CT-239;
  • 1.40 m grading 70.24 g/t gold from the Mullan vein in hole 15-CT-240;
  • 1.69 m grading 43.49 g/t gold from the Mullan vein in hole 15-CT-241.

(i) Newly interpreted veins based on recent drilling.

Details of drilling at Curraghinalt

Final results are being reported for 25 drill holes located in the central part of the Curraghinalt deposit (see plan map and three cross-sections at the company's website). These holes were drilled at varying intervals toward the south, targeting most of the veins included in the last mineral resource estimate. In addition, three new veins were interpreted as a result of the infill drill program results to date: the Slap Shot, Sperrin and Causeway veins. Holes 15-CT-220 through 15-CT-233, 15-CT-242 and 15-CT-243 were drilled from underground, while 15-CT-215, 15-CT-217, 15-CT-234 through 15-CT-241 and 15-CT-252 through 15-CT-255 were drilled from surface.

These 25 drill holes represent 8,438.5 metres of the 30,000-metre infill drilling program. To date, including the press release on July 15, 2015, 50 holes for 14,204.5 metres in total have been released, with results for the remaining drill holes to be released as they are received, compiled and interpreted. The purpose of the infill program is to convert resource ounces from the inferred to the indicated category, in support of a feasibility study currently under way. The drill program covers only 45 per cent of the 1.7-kilometre strike length of the current Curraghinalt resource and to a depth of approximately 450 metres from surface.

The mineralized veins and zones intercepted by these drill holes correlate with the current vein wireframes and confirm their high-grade nature. The increased drill hole density has also facilitated the interpretation of three additional veins: Slap Shot, Sperrin and Causeway.

        SELECTED CURRAGHINALT DRILL INTERSECTIONS

Hole ID         From         To      Width             Au         
                  (m)        (m)        (m)         grade
                                                     (g/t)

15-CT-215     183.45     183.94       0.49          21.80
15-CT-215     268.10     268.90       0.80          46.78
15-CT-217      60.58      63.84       3.26           6.59
15-CT-217     130.81     131.30       0.49          86.20
15-CT-217     236.19     238.02       1.83          32.44
15-CT-220     188.90     189.56       0.66          46.51
15-CT-220     238.21     240.74       2.53          19.60
15-CT-221     197.25     202.31       5.06           9.55
15-CT-221     223.05     225.16       2.11           8.82
15-CT-221     324.61     325.05       0.44          56.30
15-CT-222      87.00      87.50       0.50          25.00
15-CT-222     152.12     152.37       0.25          45.00
15-CT-222     171.25     174.00       2.75           5.84
15-CT-223      47.58      48.22       0.64          38.40
15-CT-223      84.60      84.91       0.31         475.00
15-CT-223     165.60     168.40       2.80           8.09
15-CT-223     177.00     177.26       0.26          92.60
15-CT-223     269.90     270.22       0.32          61.20
15-CT-224     136.06     136.32       0.26          50.50
15-CT-224     167.26     167.80       0.54         123.59
15-CT-228      65.91      66.23       0.32         107.00
15-CT-228     128.43     129.23       0.80          12.78
15-CT-229      63.00      64.25       1.25           9.14
15-CT-229     124.00     126.00       2.00           5.15
15-CT-229     217.00     219.30       2.30           6.68
15-CT-230      71.37      71.62       0.25          54.40
15-CT-230      90.67      90.92       0.25          56.00
15-CT-230     111.68     112.72       1.04          19.33
15-CT-231      24.28      26.50       2.22           5.60
15-CT-231      40.37      42.00       1.63          10.28
15-CT-231      55.12      55.52       0.40          74.00
15-CT-231      59.97      61.89       1.92           5.91
15-CT-232     234.66     235.42       0.76          15.47
15-CT-232     267.88     269.12       1.24         100.01
15-CT-235     279.00     279.27       0.27          51.80
15-CT-235     328.59     329.57       0.98          20.44
15-CT-235     425.75     427.00       1.25          11.82
15-CT-236     123.18     125.87       2.69           7.51
15-CT-238     147.45     152.28       4.83           5.32
15-CT-238     273.57     275.55       1.98          34.57
15-CT-238     290.62     291.65       1.03          29.61
15-CT-239     138.30     141.05       2.75          10.07
15-CT-239     265.00     268.26       3.26          22.68
15-CT-240      80.87      83.86       2.99          10.32
15-CT-240     185.27     186.10       0.83          20.45
15-CT-240     192.60     194.00       1.40          70.24
15-CT-241      66.30      67.56       1.26          26.71
15-CT-241     147.87     149.56       1.69          43.49
15-CT-241     217.67     217.97       0.30         120.50
15-CT-241     281.38     284.50       3.12          12.40
15-CT-241     326.00     328.03       2.03          11.98
15-CT-243      73.28      73.60       0.32          34.80
15-CT-252     355.81     356.13       0.32          56.90
15-CT-252     376.67     377.85       1.18          11.99
15-CT-254     136.06     142.54       6.48          10.85
15-CT-254     175.23     175.53       0.30          63.00
15-CT-254     282.26     284.46       2.20          11.75
15-CT-255      88.33      89.20       0.87          17.15
15-CT-255     179.20     182.02       2.82          11.63

True widths vary depending on the vein zone intersected 
but are generally not less than 90 per cent of the 
downhole interval.
Intercepts are calculated using samples greater than or 
equal to one gram g/t Au and contain no more than two m 
of internal dilution.
15-CT-233, 15-CT-234 and 15-CT-237 intercepted the 
projected veins, but no significant mineralization was 
encountered.
Partial results still pending for 15-CT-215, 15-CT-224, 
15-CT-231, 15-CT-243 and 15-CT-255.
Results are still pending for 15-CT-225, 15-CT-226, 
15-CT-227, 15-CT-242, 15-CT-244 through 15-CT-251 and 
15-CT-253.
Maps and diagrams associated with this release may also 
be viewed at the company's website.

Qualified person

Greg Hope, AusIMM, consulting chief geologist, Dalradian Resources, is the qualified person who supervised the preparation of the technical data in this news release.

Drill core was halved with samples (averaging between 0.25 m and 0.50 m in mineralized material and up to one m in wall rock) submitted to ALS Laboratories in the Republic of Ireland. Quality assurance and quality control procedures are continuing. Core samples were analyzed by a 50-gram gold fire assay with an atomic absorption finish.

ALS Laboratories is accredited by the Irish National Accreditation Board (INAB) to undertake testing, including for ores and minerals (INAB P9 703), as detailed in the schedule bearing the registration No. 173T, in compliance with International Standard ISO/IEC 17025:2005.

We seek Safe Harbor.

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